Sharp rises in the price of oil and gas as a result of the war in Iran have set off an economic chain reaction which is already hitting people in the pocket. The benchmark Brent crude oil remains around $110 a barrel, compared to around $72 before the war. And a unit of wholesale gas […]
Interest rate hikes could mean more misery for consumers, as war takes toll on pockets Read More »
Almost 200,000 students who were at university during the COVID-19 pandemic are seeking financial compensation. The Student Group Claim argues that students at the start of the pandemic did not have access to the tutoring and services they paid for, as teaching was moved online. The action first started in 2023 when 100,000 students signed
Could thousands of students win COVID compensation from universities? Read More »
UK unemployment has remained at its highest rate in five years, new official figures show. The jobless rate was 5.2% in the three months to January, the Office for National Statistics (ONS) has said. Before last month, such a high hadn’t been seen since the three months to January 2021. The increases in the last
Unemployment stuck at five year high as youth rate climbs Read More »
There is a small fraction of the population for whom the release of the government’s new Steel Strategy represents an extraordinarily fascinating, not to mention important, moment. The chances are you are not one of those people. However, allow me to make the case that this document published by the government today represents something very
Watershed moment as UK levies steel tariff in new strategy Read More »
The US central bank has raised its forecast for inflation as the Iran war-linked surge in global energy prices threatens self-inflicted damage on the world’s largest economy. The Federal Reserve held off putting up interest rates despite the challenge to price stability posed by US President Donald Trump’s decision, along with Israel, to attack the
US central bank predicts inflation rise from Iran war as oil prices surge again Read More »
The UK government is preparing a possible court case against former Chelsea owner Roman Abramovich after he missed a deadline to release £2.5bn he raised from the sale of the club. It comes after Sir Keir Starmer announced in mid-December that the Treasury was issuing a licence for the transfer of the frozen funds to
👉 Listen to This Is Why on your podcast app 👈 Sir Keir Starmer is promising help for working people whose energy bills are going up because of the Iran war. The last energy bailout after Russia’s full-scale invasion of Ukraine cost £40bn, and on top of the costs of support during the COVID pandemic
Why an energy bailout will cost us long term Read More »
Naval escorts will not guarantee safe passage for oil tankers through the Strait of Hormuz and could even present a target for Iran as it attempts to leverage control of the vital shipping lane, the head of the International Maritime Organisation (IMO) has warned. Speaking at the start of a two-day emergency meeting of the
Naval escorts could make tankers a target for Iran, warns UN maritime chief Read More »
It is easy to forget that not all that long ago, Britain was one of the world’s biggest oil producers. Back in 1986, this country was the fifth biggest crude producer in the world, just behind Mexico and above Iran and Iraq. Even as recently as the turn of the millennium, the UK was still
North Sea oil – is it time to reconsider drilling? Read More »
Older and vulnerable people are being targeted by “cruel” friendship fraudsters online, one of the UK’s biggest banks has warned. TSB said criminals are preying on people’s loneliness and desire to make a connection. People often make just one payment in such scams, but in one case, 60 payments had been made over four years,
How ‘cruel’ friendship fraudsters are scamming older people Read More »